The four main types of bonds

There are four main types of bonds that are used in the industry; however, it may differ slightly, depending on the particular jurisdiction, city and state in which the linking is taking place. The four most common bonds used to obtain a person’s release from jail are bonds, cash bonds, federal bonds, and immigration bonds. Each type of bond has a different method of releasing a person from jail. Read on to learn more about cash, surety, federal and immigration bonds; as well as, how to get one in your particular city or state.

Cash bonuses

A cash bond is used in a situation where a defendant, friend, or family member simply requests to pay cash for their lease. Once the defendant completes the required evidentiary terms of his arrest and appears for all of his court hearings, the money is returned in full. This is not a recommended option because the lease is usually for thousands of dollars. This type of cash can be saved for more important or immediate needs; instead of using it to get a release from jail. This type of bond has been a popular choice for elite people, celebrities, professional athletes, and other exclusive groups.

Surety bonds

Bail bonds are another popular option when it comes to obtaining a release from jail after an arrest. Bail bonds work like this: Once a person is arrested and taken into custody, another person or themselves can contact a professional indemnifier, such as a bail bondsman, to assist in the bail process. These types of bonds generally include some type of security for the required bond amount. This is because the person who will be released on bail will likely have short stipulations in place, such as drug tests and counseling, that must be completed or the indemnifier takes responsibility for the full amount of the bail. Therefore, the personal bond firm will likely have to pay a non-refundable fee (a percentage of the total bond amount) as collateral. This form of bond is more popular with the general population.

Federal bonds

These links are not as common as the ones mentioned above. This is because they are only used in the case of a federal crime. Crimes like these include embezzlement, tax evasion, kidnapping, bank robbery, airplane hijacking, forgery, and more. These bonds, for good reason, are more expensive than the other common forms of bond. Using a trusted and experienced bail bondsman for federal bonds is very beneficial and can make a big difference in a person’s bonding process.

Immigration bonds

The immigration bonds seem to be self-explanatory. They are a bit more complicated than the average person would think. They are extremely complicated because they are for crimes involving foreign and non-US citizens. They are expensive, like federal bonds, because they require a surety agent to bear a large amount of risk. For example, a person who is a citizen of Canada can commit a crime in the United States and then flee back to Canada once they are released on bail; leaving the bail bond agency liable for the total bail (which can range from thousands to millions of dollars) because the defendant is not here to serve for their crimes.

Bail bonds can be quite confusing, very understandable; which is why it is highly recommended to consult a professional and licensed bail bond agent in your area for accurate information on bail bonds and how they are used in the legal industry.